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Simple, quasi automated system with EA o

author EAcpu | 5 reads | 0 comments |
Hi,
I would like to share with you a very simple trading strategy that I developed myself that gives promising results. I'm wondering if anyone trades the same way.
Here's a description of how it works:

Expert Advisor is very simple and works by only closing positions and never opening trades and pending orders.

1. I set two parameters in the EA:
SingleTradeProfit - the strategy will close every open trade with a profit greater than this
CloseAllTradesGoal - the strategy will close all open trades and pending orders if the equity reaches the target (basically I set it very small - 3% to 7% above the initial balance)
2. I open positions (about 7-15, sometimes more)

And manually look for those pending orders that provide at least "SingleTradeProfit".

I basically don't set any take profit or stop loss. TP is automatically set in the SingleTradeProfit parameters.

3. I wait for the strategy to close all trades and orders after achieving the target, but in order not to let the account disappear, I manually close every trade after a certain time, regardless of the equity (for example, after 20 hours when trading the 1 hour chart) - this is my "stop loss".


That's the basic idea.

In the next article I will give an example and publish the EA.


If you have any questions, please ask!

cheers!

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